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Article: Major U.S. car parts suppliers file for bankruptcy

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Xinhua News Agency
Article date:
May 29, 2009
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Major U.S. car parts suppliers file for bankruptcy

DETROIT, the United States, May 29 (Xinhua) -- Two Michigan- based major U.S. auto parts suppliers have filed for bankruptcy, as demand for cars plunged to decades' low levels in North America.

Visteon, former parts-making unit of Ford Motors, has filed for bankruptcy protection in Delaware. The company confirmed on Thursday that it will get financing support from Ford during bankruptcy.

Ford is the only one of the three largest U.S. automakers that is not being driven into bankruptcy.

Meanwhile, chassis manufacturer Metaldyne Corp, a unit of Japan 's Asahi Tec Corp, announced on Wednesday that it was filing to the New York bankruptcy ...

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